Nothing in this chapter shall limit any of the five (5) educational collaboratives from purchasing, leasing, taking by gift, or otherwise acquiring, own, hold, mortgage, finance, improve, and use real estate for purposes of furthering their mission and goals to meet their administrative and operational needs. An affirmative majority of the educational collaborative’s board of directors will be needed to purchase, lease, mortgage or finance real estate. Such real estate may be exempt from local property taxes as described in Rhode Island general laws § 44-3-3.
R.I. Gen. Laws § 16-3.1-20
Building ownership
Known as the Cooperative Service Among School Districts Act
The act spans §§ 16-3.1-1 to 16-3.1-9.1 (22 sections).
P.L. 2010, ch. 86, § 1; P.L. 2010, ch. 108, § 1.
Official source: Rhode Island General Assembly. Reproduced from public-domain Rhode Island statutes; confirm against the official source for the current text. Not legal advice.